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President John Dramani Mahama has expressed optimism about Ghana’s economic outlook, assuring citizens that additional good news will be shared in the upcoming mid-year budget review scheduled for August.
Addressing a durbar in Wa on Thursday, May 15, as part of his ongoing “Thank You Tour,” President Mahama reaffirmed his administration’s commitment to economic stability. He highlighted the progress made since taking office and pointed to key signs of recovery, including a stronger local currency and a gradual decline in the cost of living.
“I am happy to report to you that our efforts to stabilise the economy have begun to yield results,” he stated.
The President noted that the 2025 budget, which was presented to Parliament in March, was carefully crafted to cut down on public spending while redirecting funds toward vital sectors outlined in the government’s manifesto.
He credited the successful implementation of this strategy to the strong partnership between the Ministry of Finance and the Bank of Ghana.
“I wish to commend the Honorable Minister of Finance and the Governor of the Bank of Ghana, along with their teams, for the close collaboration and coordination they are displaying in this economic turnaround,” President Mahama said.
With signs of economic progress already visible, the President encouraged Ghanaians to remain hopeful, suggesting that even more encouraging developments will be revealed during the mid-year budget update.
“I am sure that by the time the Honorable Minister comes back to Parliament to present his mid-year review budget in August, we will have even more good news for Ghanaians,” he assured.
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